---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-004148"
form_type: "8-K"
ticker: "XXII"
cik: "0001347858"
company_name: "22nd Century Group, Inc."
filed_at: "2024-03-28T23:59:59+00:00"
generated_at: "2026-06-04T05:54:10.387453+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# 22nd Century Group (XXII) Q4 2023 net revenue $7.4M, net loss $22.1M; announces 1-for-16 reverse stock split

## Summary
- Q4 net revenue $7.4M, down 26% YoY from $10.0M; gross profit negative $(7.8)M due to $7.9M inventory write-down.
- Net loss from continuing ops $22.1M ($0.66/share) vs $11.1M ($0.77/share) in Q4 2022; adjusted EBITDA loss $3.2M vs $10.0M.
- Cash $2.1M at year end; secured $2.3M from warrant exchange and asset sales; long-term debt $8.1M.
- Reverse stock split 1-for-16 effective April 2, 2024 to regain Nasdaq $1.00 minimum bid compliance.
- Targeting break-even by Q1 2025 after exiting hemp/cannabis; VLN available in 5,100+ stores across 26 states.

## SEC filing metadata
- accession: 0001558370-24-004148
- form_type: 8-K
- ticker: XXII
- cik: 0001347858
- company_name: 22nd Century Group, Inc.
- filed_at: 2024-03-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1347858/000155837024004148/0001558370-24-004148-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1347858/000155837024004148/xxii-20240328x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-004148
- JSON: https://secwatch.observer/filing/0001558370-24-004148.json
- Plain text: https://secwatch.observer/filing/0001558370-24-004148.txt

## Key facts
- Earnings Releases
  22nd Century Group, Inc. reported the fourth quarter ended December 31, 2023 results: revenue $7.4 million, net income $22.1 million or $0.66 per share, EPS $0.66 per share.
  - Period: the fourth quarter ended December 31, 2023
  - Revenue: $7.4 million
  - Net income: $22.1 million or $0.66 per share
  - EPS: $0.66 per share
  - Result: reported results
  source text: on recent business highlights. ​ Fourth quarter results and recent business activities included: ● Net revenue from continuing operations in the fourth quarter of 2023 was $7.4 million, ● Exited hemp/cannabis operations to fully focus on tobacco harm reduction and contract manufacturing activities, ● Substantially reduced operating costs through efficiency
  evidence_url: https://www.sec.gov/Archives/edgar/data/1347858/000155837024004148/0001558370-24-004148-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.